Last Friday, the European leaders trespassed on consecrated ground by putting insured depositors in Cypriot banks in harm’s way. They had other options, none of them pleasant but some less ominous than the one they settled on.
Lee C. Buchheit & G. Mitu Gulati, Walking Back From Cyprus (March 18, 2013)
Library of Congress Subject Headings
State bankruptcy, Banks and banking, Law--Cyprus, Bailouts (Government policy)